Indonesia November sales rise 26 per cent
Indonesia’s domestic cement sales rose 26 per cent in November from the same period a year ago, data from the Indonesia’s cement association (ASI) showed on Monday.
Sales volume reached 4.4Mt, compared to 3.5Mt in November 2010. But sales fell 4.7 per cent in November from 4.7Mt in October.
The association sees total domestic sales will reach around 45-46Mt in 2011, up 15 per cent from last year, chairman Urip Trimuryono told Reuters.
The country’s cement sales fluctuate from month to month dependent on a variety of factors including religious holidays, which can delay construction, and the government’s end-of-year project completion deadlines.
The latter factor can inflate figures for November and December compared to other months.
Indonesia’s parliament on Friday stamped a long-awaited land acquisition bill, an attempt to break the bottleneck in infrastructure development that has long been seen as holding back growth in the country.
Published under Cement News
